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Mizrahi Tefahot Bank Sues Ex-Employee for $1.8 Million Theft
Mizrahi Tefahot Bank is suing a former teller for allegedly stealing 1.81 million shekels over 18 months by manipulating cash and coin records. The fraud was uncovered after a client's tip led to an investigation revealing suspicious transactions in the employee's accounts.
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What happened
- 01Mizrahi Tefahot Bank sued a former employee for allegedly stealing 1.81 million shekels over 18 months.
- 02The employee allegedly manipulated cash and coin records to conceal the systematic theft.
- 03The fraud was uncovered by chance after a client mentioned the teller to the branch manager.
- 04An investigation revealed suspicious financial activity in the employee's and her family's accounts.
- 05The bank seeks to withhold the employee's severance pay of approximately 175,000 shekels.
- 06The former employee denies the allegations, citing family loans and other employees' access.
The bank seeks to withhold her severance pay, while the employee denies the charges, attributing her account activity to loans and claiming others had vault access.
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